Live Breaking News & Updates on டக் ஜாகர்கள்

Stay updated with breaking news from டக் ஜாகர்கள். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

The Earned Income Tax Credit: How Does It Work?


The Earned Income Tax Credit: How Does It Work?
Unable to load the audio player.
playpausemuteunmute
Doug Jaggers/WFYI
Just shy of one million people in Indiana live below the poverty line. One policy designed to help is the earned income tax credit, or EITC. This past legislative session, Indiana increased its earned income tax credit from 9 percent to 10. But how does it work, and what might it mean for working families?
The Basics
The earned income tax credit gives low-income people unrestricted cash to spend on whatever they need. To be eligible, you need to earn money through a job hence the name “earned income” but still live close to the poverty line. For example, a single adult without kids would make just shy of $16,000 a year to qualify. Depending on how many kids you have, the baseline income goes up from there, all the way to $57,414 for a married couple with three or more children. ....

United States , Doug Jaggers , Jessica Fraser , Mike Downs Center , Indiana Institute For Working Families , Indiana Institute , Working Families , Andrew Downs , Indiana Politics , Great Recession , ஒன்றுபட்டது மாநிலங்களில் , டக் ஜாகர்கள் , ஜெசிகா ஃப்ரேசர் , மைக் தாழ்வுகள் மையம் , இந்தியானா நிறுவனம் க்கு வேலை குடும்பங்கள் , இந்தியானா நிறுவனம் , வேலை குடும்பங்கள் , ஆண்ட்ரூ தாழ்வுகள் , இந்தியானா பாலிடிக்ஸ் , நன்று மந்தநிலை ,